NewzA new $5 billion initiative has been launched to transform Africa's cotton sector by shifting the continent from a primary exporter of raw materials to a hub for textile manufacturing. The plan seeks to integrate scattered cotton producers into a cohesive, regional industrial framework.
Currently, while Africa produces significant quantities of cotton, the majority of the material is exported rather than processed locally. By establishing a regional textile industry, the project aims to retain value-added production and employment opportunities within the continent.
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